浙商证券(601878) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,882,423,873.09, representing a decrease of 21.26% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 447,423,004.80, down 8.31% year-on-year[5]. - Investment income for Q1 2024 was a loss of CNY 159,496,163.93, a decline of 134.10% compared to the same period last year[9]. - Operating profit for Q1 2024 was CNY 559,165,834.65, a decrease from CNY 655,270,704.01 in Q1 2023[20]. - The net profit for Q1 2024 is CNY 457.82 million, a decrease of 9.5% from CNY 506.04 million in Q1 2023[21]. - The total comprehensive income for Q1 2024 is CNY 504.10 million, slightly down from CNY 508.10 million in Q1 2023[22]. - Basic earnings per share for Q1 2024 is CNY 0.12, compared to CNY 0.13 in Q1 2023, reflecting a decrease of 7.7%[22]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 218.77%, reaching CNY 3,292,570,342.26[5][9]. - The cash and cash equivalents at the end of Q1 2024 amount to CNY 39.94 billion, up from CNY 36.99 billion at the end of Q1 2023[24]. - The company reported a net cash outflow from investing activities of CNY 30.86 million in Q1 2024, compared to a net outflow of CNY 39.71 million in Q1 2023[24]. - The net cash outflow from financing activities for Q1 2024 is CNY 463.82 million, a significant decrease from a net inflow of CNY 6.97 billion in Q1 2023[24]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 143,029,935,023.05, a decrease of 1.72% from the end of the previous year[6]. - Total liabilities decreased to CNY 114,254,628,730.51 as of March 31, 2024, from CNY 117,256,485,964.04 as of December 31, 2023[18]. - Shareholders' equity increased to CNY 28,775,306,292.54 as of March 31, 2024, compared to CNY 28,271,200,543.68 as of December 31, 2023[18]. - Cash and cash equivalents increased to CNY 41,901,636,190.56 as of March 31, 2024, from CNY 39,444,433,274.17 as of December 31, 2023[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 153,557[12]. - Zhejiang Shangsan Expressway Co., Ltd. held 2,124,825,159 shares, representing 54.79% of total shares[13]. - The top 10 shareholders accounted for a significant portion of the company's equity, with the largest shareholder holding over 54%[13]. - The company reported that the total number of shares held by the top 10 unrestricted shareholders was 101,858,811, which is 2.63% of total shares[15]. - The company’s repurchase account held 38,781,600 unrestricted circulating shares, accounting for 1.00% of total share capital[13]. - The participation of major shareholders in margin trading and securities lending was noted, with specific numbers of shares involved[15]. - The company has no known related party relationships among the top shareholders, ensuring independent shareholder actions[13]. - The report indicates that there were no significant changes in the number of shares lent or returned in the margin trading activities compared to the previous period[15]. Operational Highlights - The company emphasizes the importance of monitoring operational conditions during the reporting period[16]. - The report highlights that the company has not disclosed any new product developments or market expansion strategies in this quarter[16]. Revenue Breakdown - Total operating revenue for Q1 2024 was CNY 3,882,423,873.09, a decrease of 21.3% compared to CNY 4,930,586,230.29 in Q1 2023[20]. - Net interest income for Q1 2024 was CNY 151,536,309.91, down from CNY 163,494,981.02 in Q1 2023[20]. - Net commission and fee income decreased to CNY 803,726,896.23 in Q1 2024 from CNY 871,780,466.52 in Q1 2023, reflecting a decline of 7.8%[20]. - Total operating expenses for Q1 2024 were CNY 3,323,258,038.44, down from CNY 4,275,315,526.28 in Q1 2023[20]. - The total revenue from cash received for services provided in Q1 2024 is CNY 11.97 billion, down from CNY 14.55 billion in Q1 2023[23]. - The company’s income tax expense for Q1 2024 is CNY 100.03 million, down from CNY 148.51 million in Q1 2023, indicating a decrease of 32.5%[21]. - The company’s other comprehensive income after tax for Q1 2024 is CNY 46.28 million, significantly higher than CNY 2.06 million in Q1 2023[21]. Changes in Financial Metrics - The weighted average return on equity was 1.64%, a decrease of 0.21 percentage points compared to the previous year[5]. - The company experienced a 349.05% increase in fair value changes, resulting in a gain of CNY 622,167,807.64[9]. - Short-term financing payables decreased by 81.41%, amounting to CNY 397,458,305.44[9].